The stock market reaction Wednesday to Republican Donald Trump's victory over Democrat Kamala Harris was swift and powerful, sending the Dow, the S&P 500 and the Nasdaq to all-time highs. The Fed rate cut the next day was icing on the cake for market bulls,

Stocks were mixed ahead of today's rate-cut announcement by the Federal Reserve, with financials weighing on the Dow Jones Industrial Average. Two of the three major indexes closed in the green on confirmation of current expectations, as investors and policymakers continue to price in the impact of Donald Trump retaking the White House.

Donald Trump is returning to the White House, and the stock market is loving it. Investors, relieved to have a clear-cut election winner and fired up about the prospect of tax cuts and deregulation, have sent US stocks zooming higher.